London firm Shipleys investigated over audit of Russian fintech Zaim Credit Systems January 18, 2023 The UK’s accounting regulator has launched an investigation into London accounting firm Shipleys over its audit work for the UK-listed holding company of Russian fintech firm Zaim Express. The Financial Reporting Council (FRC) said today that it has decided to open an investigation into the firm’s audit of Zaim Credit Systems’ 2021 accounts. The FRC’s [...]
TUI open to new majority shareholder following resignation of sanctioned Russian billionaire January 17, 2023 TUI admitted it was looking for a new majority shareholder, 10 months after EU sanctions forced the resignation of Alexei Mordashov. Vladimir Putin ally and Russian billionaire Alexei Mordashov became a target of Europe’s sanctions against Moscow following Russia’s invasion of Ukraine in March 2022. The sanctions meant TUI was left scrambling for a new [...]
Here’s how Chelsea’s £89m deal for Mykhailo Mudryk has inadvertently funded Ukraine’s war effort January 16, 2023 Less than a year after Chelsea’s owner Roman Abramovich was sanctioned and forced to sell the club over his links to a Russian regime that had invaded Ukraine, the resistance is set for a £20m windfall as a result of the Blues’ latest signing, Mykhailo Mudryk. Mudryk’s former team Shakhtar Donetsk announced on Monday that [...]
German defence chief QUITS after heavy criticism of Russia-Ukraine war handling January 16, 2023 German defence minister Christine Lambrecht has resigned following persistent criticism of her handling of military modernisation programmes and the country’s arms deliveries to Ukraine. Lambrecht said she had submitted her resignation request to Chancellor Olaf Scholz, saying that “months of media focus on my person” had stood in the way of a factual debate about [...]
A present for Putin: Sunak reportedly agrees to deliver squadron of tanks to Ukraine January 14, 2023 Prime Minister Rishi Sunak has reportedly agreed to deliver a squadron of tanks to Ukraine to aid the country’s efforts in re-taking territory lost to Russian forces. Four British Army Challenger 2 main battle tanks will reportedly be sent to eastern Europe immediately, with eight more to follow shortly afterwards. According to The Sun, a [...]
Russians relaunch attacks on Kyiv as Putin doubles down on Ukraine war tactics January 14, 2023 Russian missile attacks hit critical infrastructure in Kyiv and the eastern city of Kharkiv on Saturday morning, officials said, and the governor of another region warned that a massive missile strike could follow in the coming hours. Reuters journalists heard a series of blasts in Kyiv before the air raid siren even sounded, which is [...]
Putin shuffles Kremlin pack as Moscow infighting rages and mercenary Wagner group claims a victory January 13, 2023 As Russian troops wage a ferocious house-to-house fight for control of strongholds in eastern Ukraine, a parallel battle is unfolding in the top echelons of military power in Moscow, with President Vladimir Putin reshuffling his top generals while rival camps try to win his favour. The fighting for the salt mining town of Soledar and the nearby [...]
Ed Warner: The row over sport banning Russian players will be even bigger in 2023 January 12, 2023 Wimbledon will be here before we know it. Expect the debate about banning Russian and Belorussian stars to start soon. The tug of war over the two bellicose nations’ participation at next year’s Paris Olympics and Paralympics has already begun. Schisms within sports and between their leaders and politicians are inevitable. Last year, backed (or [...]
Petrol price plummets to below 150p for first time since Russia invaded Ukraine January 10, 2023 The average price of petrol has fallen below 150p per litre for the first time in more than 10 months. Figures from data company Experian show the average price of a litre of the fuel at UK forecourts on Monday was 149.7p. The reduction of nearly 42p from the record high of 191.5p in July last year, [...]
Putin yanks Russia out of European anti-corruption scheme January 10, 2023 Russia has opted out of a European convention on fighting corruption, a move that comes in the wake of its withdrawal from the Council of Europe following start of Moscow’s military action in Ukraine. Russian President Vladimir Putin asked the lower house of parliament, the State Duma, to terminate adherence to the Council of Europe’s convention on [...]